Summary:
- Pacific Premier Bancorp reported a surprising Q1 EPS increase, beating expectations by $0.05.
- Revenue fell short at $144.9 million, marking a decrease of 15.2% year-over-year.
- The stock's average one-year target indicates potential upside, despite current "Hold" recommendations.
Pacific Premier Bancorp Q1 Financial Highlights
Pacific Premier Bancorp (PPBI) recently disclosed its first-quarter financial results, showcasing a GAAP earnings per share (EPS) of $0.37. This figure exceeded analysts' projections by $0.05. However, the company's revenue of $144.9 million fell short by $1.21 million, marking a significant 15.2% decline compared to the previous year. Additionally, a noteworthy $2 billion all-stock acquisition by Columbia Banking System is under progression, promising to make waves in the industry.
Wall Street Analysts' Projections
Market analysts have provided insights into Pacific Premier Bancorp's potential performance. According to one-year price targets from six analysts, the stock's average target price is projected at $25.58. Predictions range between a low of $22.00 and a high estimate of $31.00, suggesting an encouraging upside potential of 20.45% from its current market price of $21.24. For further insights, investors can explore comprehensive data on the Pacific Premier Bancorp Inc (PPBI, Financial) Forecast page.
Brokerage Firm Recommendations
The consensus from seven brokerage firms advises investors to "Hold" with an average recommendation score of 2.7 for Pacific Premier Bancorp Inc. This score sits within the rating scale where 1 signifies a "Strong Buy" and 5 indicates "Sell." Investors should monitor these ratings closely as they reflect current market sentiments and potential future adjustments.
GF Value Insights
GuruFocus provides an estimated GF Value for Pacific Premier Bancorp Inc (PPBI, Financial) of $23.30 over the next year. This estimate suggests a potential upside of 9.7% from the current stock price of $21.24. The GF Value represents GuruFocus's calculated fair stock value, derived from historical multiples, past growth trends, and future performance projections for the business. In-depth information is available on the Pacific Premier Bancorp Inc (PPBI) Summary page.
